svelte: You won’t have to look very far to see what the 1930s produced: Mussolini, Hitler and the Second World War.
Hitler came to power on Germany’s economic woes (and their resentment over the Versailles Treaty). Totalitarianism (a term Mussolini coined) and authoritarianism were both products of governments struggling with the worldwide depression.
FDR’s New Deal program was modeled on Mussolini’s policies in Italy (which is why he is saddled with the socialist sobriquet so often).
I’m very interested to see what this does to the EU and China. The EU in terms of whether this crisis will fracture that alliance and China in the sense of how far they’ll return to their authoritarian roots.
